Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

No one's perfect and honest mistakes happen and a PMC often needs guidance as to what level an owners wants to maintain their property.Wasn't trying to solicit your business,so I'll respond via DM about the rest of your questions:)

Also, the whole point of hiring a PM is to handle tenant, maintenance, and rent collection, so if your partner isn’t actively managing but just supervising the PM, IMO not worth having a two people essentially looking over the same tasks.Contributing financially for one person and the other having no financial stake raises decision making questions, such as when to sell, how profits will be distributed, etc.

@Mario MoralesI think this is a common question and the value that an agent will bring will vary by individual needs.

A question we faced was the exact same: Should we buy used appliances or go for new ones with warranties? 

To choose the correct path for any particular business a number of questions need be answered first1.

There isn't even a question.

Quote from @Cody Anderson: Quote from @Ian Jimeno: Great Question @Mike Levene!

If you have specific questions about property management, I'll be happy to help!

My question is, do I need to send a non-renewal notice as well?